"China takes bifurcation to a new extreme. Not only are housing prices in the biggest cities moving in a different direction to those in smaller centres, there is also a glaring discrepancy in the amount of development being undertaken."
"The country's main metropolises – Beijing, Shanghai and Shenzhen, which each have populations of more than 10m – suffer from chronic shortages of housing for low to middle-income residents. By contrast, scores of smaller cities with populations of up to 3m face an increasingly severe oversupply."..............................................Full Article: Source